Monthly Archives: July 2010

Small Not for Profits are given one last chance not to lose their tax exempt status

The IRS has given another reprieve to small not for profits to file a tax return or lose their tax exempt status.  The list of Not for Profits that are at risk has 6951 names on it for Indiana alone.  … Continue reading

Posted in Not for Profit's, Tax Issues | Leave a comment

Common IRA contribution and distribution mistakes

  Individual retirement accounts (IRAs) — both traditional and Roth IRAs — are among the most popular retirement savings vehicles today. Protecting the value of your IRA (and other retirement accounts) is incredibly important. While some factors affecting the value … Continue reading

Posted in Newsletters, Tax Issues | Leave a comment

The HIRE credit can save you payroll taxes

Navigating revised payroll Form 941 to maximize your HIRE creditThe IRS has revised Form 941, Employer’s Quarterly Federal Tax Return, and its instruction to reflect the payroll forgiveness tax credit provided by the Hiring Incentives to Restore Employment (HIRE) Act. … Continue reading

Posted in Payroll taxes, Tax Issues | Leave a comment

How your office copying machine can expose you to identity theft or worse

OMG!!  That is the most common response we have had from clients and business associates when we tell them about this potential problem.  Your office copying machine most likley has a built in hard drive that records every copy and fax … Continue reading

Posted in Newsletters | Leave a comment